Alnoor Ladha defines 'neoliberal capitalism' as an economic and political paradigm that champions free markets, deregulation, and privatization, operating under the assumption that individual entrepreneurial freedoms within an institutional framework characterized by strong private property rights will generate optimal societal benefits. Ladha argues that this ideology prioritizes corporate profits over social welfare and collective good, leading to the exploitation of labor, environmental degradation, and increasing socio-economic inequalities. Neoliberal capitalism, in his view, facilitates the concentration of wealth and power in the hands of a few, undermining democratic institutions and eroding community bonds. This system promotes a consumerist culture, fostering perpetual growth and consumption at the expense of sustainability and human well-being.

See also: economic system, late-stage capitalism, post capitalism, social movement